Biden-Harris Admin Gives Chinese-Owned Green Energy Facility Free Pass in NatSec Crackdown on Foreig

[rangerrebew]

Biden-Harris Admin Gives Chinese-Owned Green Energy Facility Free Pass in NatSec Crackdown on Foreign Transactions
Treasury Department's decision 'highly irregular and problematic,' former ambassadors say
 
Thomas Catenacci
August 22, 2024

The Biden-Harris administration's recently proposed national security regulations would, as crafted, give a free pass to Gotion High-Tech, a Chinese government-tied company developing an electric vehicle battery facility just 63 miles away from a sensitive military facility in northern Michigan.
 
Under the proposed rules, federal officials would be able to conduct increased scrutiny over foreign transactions within 100 miles of more than 50 additional military installations nationwide, including the National Guard's Camp Grayling located in Crawford County, Michigan. The rules, however, will not be enforced retroactively, allowing Gotion High-Tech and its subsidiary, Gotion Inc., to avoid further scrutiny.

American military personnel have trained Taiwanese soldiers as part of annual military exercises at Camp Grayling, the Wall Street Journal reported last year. The training activity heightens the sensitivity of the base as it relates to nearby facilities operated by Chinese entities.

The Committee on Foreign Investment in the United States—a task force overseen by the Treasury Department and tasked with reviewing foreign investments that may pose a national security threat—notably did review Gotion's transaction, but determined in June 2023 that it was not a covered real estate transaction or purchase. Less than two months after the determination, the company finalized its purchase of 270 acres of land in Green Charter Township, Michigan, as part of its plan to construct its $2.4 billion EV battery component plant in the area. The Treasury Department's rules proposed last month would likely make Gotion's purchase a covered transaction.

 https://freebeacon.com/biden-administration/biden-harris-admin-gives-chinese-owned-green-energy-facility-free-pass-from-increased-national-security-scrutiny/

[Smokin Joe]

This puts the US facility well within range of road mobile missile systems, in a facility that one would expect to have a fair amount of heavy truck traffic. Also in range of communications traffic.

I know we have a lot of military facilities, but there always seems to be Chinese interest in the real estate in the neighborhood.

[berdie]

This puts the US facility well within range of road mobile missile systems, in a facility that one would expect to have a fair amount of heavy truck traffic. Also in range of communications traffic.

I know we have a lot of military facilities, but there always seems to be Chinese interest in the real estate in the neighborhood.

I have been told that Mexico does not allow foreign ownership. Could be they are wiser than we are.